Revenues raised by the government from various imported milk products jumped by 31 percent to P2.36 billion in 2023, the highest in at least eight years, from P1.8 billion in 2022.
Total milk and milk products imported slipped by three percent to 575,460 metric tons in 2023 from 595,640 MT in 2022.MANILA, Philippines —
Likewise, the government collected P32.26 million from imported whey powder, which used to be zero since 2018.The NDA data showed that tariffs collected grew despite the decline in both volume and value of imports. The NDA data indicated the higher aggregate tariff rates applied on imported milk products lifted the government’s tariff collections.
The Philippines virtually imports all of its milk requirements as domestic production can only meet a percentage of the country’s total requirement. PLDT Inc. and its wireless unit Smart Communications Inc. have been named among the Top One Percent of Leading Employers of...
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